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Trade Alert: The Director of Operations & Member of Management Board Of British American Tobacco p.l.c. (LON:BATS), Alan Davy, Has Just Spent UK£2.6k Buying A Few More Shares

Even if it’s not a huge purchase, we think it was good to see that Alan Davy, the Director of Operations & Member of… …read more […]

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FuelCell Energy Gains Over 10% On $8M US Contract

Shares of FuelCell Energy surged over 10% on Friday after the fuel cell technology leader won a $8 million government project by the U.S. Department of Energy (DoE).FuelCell Energy (FCEL) said that the government project “will be the first multi-stack electrolysis system produced with the Company’s solid oxide technology” and would in turn enable it to commercialize its high efficiency electrolysis technology. It would “support the design and manufacture of a SureSource electrolysis platform capable of producing hydrogen.”On Oct. 8, J.P. Morgan analyst Paul Coster initiated coverage on the stock with a Buy rating and a $3 price target, as …read more […]

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Covid-19 Is Big Oil’s Asteroid Strike

(Bloomberg Opinion) — Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago.Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit. The world in which they thrived is changing around them and they face multiple threats to their future health. But the outbreak’s impact has accelerated the process.The pandemic has slashed oil demand, taking prices down with it. Producers everywhere were slow to react. Now the recovery is taking longer than initially expected, as infection rates remain stubbornly high in the …read more […]

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Freeport does a balancing act as world's biggest gold mine grapples with COVID-19

When miners at Indonesia’s giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production. The tensions expose the balancing act to maintain output at full blast, while containing COVID-19 in mines like Grasberg, the world’s largest gold mine and second-largest copper mine. “We’ve put the priority and the health of our workers and community at the top of our list,” Freeport McMoRan Chief Executive Richard Adkerson told Reuters. …read more […]

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'Halftime Report' Traders Weigh In On Goldman's General Electric Call

On CNBC’s “Fast Money Halftime Report,” traders discussed Goldman Sachs’ bullish call on General Electric Co. (NYSE: GE). Goldman’s analyst reinstated the stock with a Buy rating and a price target of $10, because the company is making progress to be a leaner and structurally more productive company with better capital discipline.Jenny Harrington is not a buyer because the stock is too complex to analyze. She thinks JPMorgan’s Steven Tusa is the best analyst for the stock and he sees no quick turn for the stock.See Also: Goldman Sachs Calls General Electric The ‘Ultimate Self-Help, Vaccine Leverage Story’Michael Farr wants …read more […]

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Hurricane Delta's winds topple gear, disrupt U.S. oil refineries

Hurricane Delta shut power and toppled equipment at U.S. Gulf Coast oil refineries and closed oil-export ports as its destructive winds and storm surge reached far from its center. Nearly 700,000 homes and businesses in three Gulf Coast states were without power on Saturday after Delta made landfall overnight as a Category 2 hurricane with winds of 100 miles per hour (161 kph) near the town of Creole, Louisiana. Delta’s fierce winds tore roofs off homes, cut electric power and disrupted energy operations as far away as Port Arthur, Texas, 65 miles (105 km) west of Delta’s landfall. …read more […]

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Profit No Matter Who Wins the Election

This week in his flagship YouTube series State of the Market, Chief Income Strategist Marc Lichtenfeld got political…
And he revealed the tickers of four investments that are destined to help investors profit no matter who wins the upcoming election.
They all hail from the energy sector – and represent its up-and-coming cohort of clean energy stocks that promise to replace fossil fuels as renewables become increasingly inexpensive.
Regardless of your views on alternative energy, it’s clear that technology is advancing even faster than we can keep up with – and that Big Oil is suffering as a result.
Take one look at the …read more […]

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Benzinga's Bulls And Bears Of The Week: AT&T, Apple, Tesla And More

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The FAANG stocks were represented in both the bullish and bearish calls seen this past week. * Other bullish calls were for some stocks found in struggling industries and sectors. The big three U.S. equity indexes ended last week solidly higher, led by the more than 4% gain in the Nasdaq. This came despite continuing volatility, due in part to presidential tweets in the wake of his treatment for COVID-19. The week also saw the vice presidential debate, as well …read more […]